Product Information Management made easy
Why do companies need a PIM?
The retail/distribution/manufacturing business and business in general is becoming more dependant on collaboration and exchange of item information between trading partners. The item information being exchanged is also becoming more complex to meet the increasing demands of trading partners like Wal-Mart, Home Depot, General Motors as well as different data exchanges like ECCnet and UCCnet.
Today at most companies, this information is stored on paper or in a number of spreadsheets. Some of this information exists in the ERP/ Accounting application but there is no common repository or ‘vault’ for item information that is reliable, accurate and comprehensive. A PIM does exactly that- ‘Manage Item information in a central repository accurately and reliably with role based multiple access and data sync capabilities’. A PIM is quickly becoming an important and critical component of the IT infrastructure at most progressive companies. PIM’s have driven significant cost savings at companies that used to rely on paper, spreadsheets and legacy databases to manage their item information.
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